Is Westlake Village, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westlake Village is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Westlake Village has remained a Seller's Market.

Key Takeaway

Westlake Village is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Westlake Village, CA cost?

Median Sold Price

$1,451,627

$648/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$151,627(+11.7%)

Key Takeaway

Homes in Westlake Village have sold for 11.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $356K$440K
+23.6%
2 $645.8K$760.6K
+17.8%
3 $1.0M$1.3M
+28.3%
4 $1.4M$1.6M
+17.8%
5+ $2.2M$2.3M
+4.0%

Median Sold Price Compared To Nearby Cities

Westlake Village
+30.0%
Triunfo Pass-Point Mugu
+14.1%
Thousand Oaks
+12.0%
Westlake Village
+11.7%
Newbury Park
+10.2%

How many homes are available in Westlake Village, CA?

Number of Homes For Sale

Sep 2022Oct 2022%
9291-1.1%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 11
0.0%
2 1919
0.0%
3 2628
+7.7%
4 2623
-11.5%
5+ 2020
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
3021-30.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westlake Village, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
32 Days37 Days+13.7%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Westlake Village are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Westlake Village, CA

Number of homes for sale in Westlake Village, CA real estate market have reached 91. Between September 2022 and October 2022, Westlake Village, CA real estate market has seen decrease in the number of listings by 1.1%. In October 2022, listings were on the market for 37 days. During the same period, the median list price in this real estate market was $1,451,627. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 23.6%, 2 bedrooms properties prices increased by 17.8%, 3 bedrooms properties prices increased by 28.3%, the cost of 4 bedrooms properties went up by 17.8%, the cost of 5 bedrooms properties went up by 4%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, 2 bedrooms homes did not move, the quantity of 3 bedrooms homes went up by 7.7%, volume of 4 bedrooms homes went down by 11.5%, 5 bedrooms homes did not move. In October 2022 more than 6 listings in Westlake Village, CA were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 10 were sold below.

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